1. Recurring Deposit Interest Rate
2. Recurring Deposit Interest Sbi

A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account.

1. A recurring deposit earns interest at a pre-specified rate over the period chosen by the investor. The interest will be added to the principal amount at a certain frequency or at maturity. When the RD matures, investor is paid the actual amount invested plus the total interest earned in the entire tenure. Key features of recurring deposit.
2. IWish Flexible Recurring Deposit: Interest Rates, Tax Benefits & Advantages. IWish Flexible Recurring Deposit: Check out the benefits, features, and advantages of the iWish flexible RD account from ICICI. It offers you all the benefits of a regular RD account with added flexibility, helping you reach your goals faster.

A Recurring Deposit is a simple way to save money every month and earn higher interest than you get with a
Savings Account. If you maintain a Savings Account with us, a specified amount can be automatically transferred from it every month to your Recurring Deposit. At the end of the tenure, you will have saved a considerable sum of money.

The minimum ticket size of Rs. 5,000 to a maximum of Rs. 2 lakh

• The minimum tenure is 12 months (in multiplies of 3 months thereafter)
• The maximum tenure is 60 months
• Get interest rates equal to that of regular Fixed Deposits

More Fixed Deposit options

Resident Fixed Deposit

Senior Citizen Fixed Deposit

Recurring Deposit Interest Rate

NRI Fixed Deposit

Enjoy attractive returns with maximum liquidity with NRE or NRO Fixed Deposits.

Apply for Fixed Deposit

SMS FD to 561615

Call 18602666601^#

^#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

Recurring Deposit Interest Sbi

Useful Information

• ^This is applicable only for certain tenures. Please refer to the Interest Rates for more details.
• *Conditions apply - Fixed Deposit:
  • No interest is payable for all deposits withdrawn prematurely before 7 days
  • Premature withdrawal: In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
  • Minimum fixed deposit amount is Rs. 20,000
  • Interest Rates are subject to change without prior notice
  • The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
  • Deutsche Bank Tax Saver Fixed Deposit is structured to benefit you the most in terms of this provision. Amount invested up to Rs. 1.5 lakh for a fixed period of 5 years in Tax Saver Fixed Deposit is eligible for deduction under Section 80 (C) of Income Tax Act, 1961

•About Us
•Form Centre
•ATM / Branch Locator
•Awards
•Sitemap

Recurring Deposit Interest Rates for 1 Year (as on 06 Mar 2021)

The highest interest rate is offered by North East Small Finance Bank Limited (for 12 months) at 7.5% and Utkarsh Small Finance Bank (for 12 months) at 7.25% followed by Suryoday Small Finance Bank (for 12 months) at 7.25%.

Recurring Deposit Interest Rates for 2 Years (as on 06 Mar 2021)

The highest interest rate is offered by North East Small Finance Bank Limited (for 2 years) at 8.00% and Utkarsh Small Finance Bank (for 2 years) at 7.25% followed by Suryoday Small Finance Bank (for 2 years) at 7.25%.

Recurring Deposit Interest Rates for 3 Years (as on 06 Mar 2021)

The highest interest rate is offered by Suryoday Small Finance Bank (for 3 years) at 8.10% and North East Small Finance Bank Limited (for 3 years) at 8.00% followed by RBL Bank Limited (for 3 years) at 7.25%.

Recurring Deposit Interest Rates for 4 Years (as on 06 Mar 2021)

The highest interest rate is offered by Suryoday Small Finance Bank (for 4 years) at 7.75% and Fincare Small Finance Bank Ltd (for 4 years) at 7.30% followed by Utkarsh Small Finance Bank (for 4 years) at 7.25%.

Recurring Deposit Interest Rates for 5 Years (as on 06 Mar 2021)

The highest interest rate is offered by Suryoday Small Finance Bank (for 5 years) at 8.25% and Utkarsh Small Finance Bank (for 5 years) at 7.25% followed by DCB Bank Limited (for 5 years) at 6.95%.

Recurring Account Key Features

• One of the best way of investment of your savings which is offered by almost all the banks in India.
• It facilitates small savings with flexible amounts and tenures.
• It inculcates a regular habit of saving for future needs.
• It is available from minimum of 6 months to a maximum of 10 years with monthly instalments of 12, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months.
• It can be opened for monthly instalments of Rs 100 and thereafter, in multiples of Rs 100.
• Once the RD account becomes active, the customer can not change the amount of the installment or the tenure.
• Standing instruction for transferring the monthly instalments from the customer's SB / CA account is accepted.
• Very popular among the salaried class persons.
• Best for those who can afford to save only a few thousand rupees per month.
• Almost all the banks do quarterly compounding in case of RD.
• On maturity date, the RD holder is paid the maturity value i.e. the principal and the interest earned.
• RD accounts can be prematurely closed and banks generally deduct some penalty as per the clauses of the bank.
• Partial withdrawals are not allowed.
• A penalty is levied upon a delayed payment or missing installment.
• Some banks have a loan facility against the RD on pledging the RD as collateral.
• Nomination facaility is available.